₦airaland Forum

Reference:
The overall aim is just to bring production and jobs back to America, the first target being American owned companies making stuff abroad because of cheap labour (lower standards of living).

In effect he is saying to his people. Pay more for goods and services so your brothers and sisters can have more jobs and earn more on their existing jobs.

This is a fundamentally sound ideal for any country's economy but fraught with all sorts of minefields in practice.

It is exactly what the present Nigerian government has being trying to do albeit without the tools of sound economic control.

seunmsg:
Frame 1: what should have been our situation if Tinubu did not reform immediately.

Frame 2: where we are right now and why a lot of people and organizations globally are excited about Nigeria’s economic prospect.


Mr. See no good hear no good, the urge to keep hating is yours. It changes absolutely nothing.

SalamRushdie:
You have not asked yourself what Nigeria is charging them 27 percent tarriff , is Nigeria preparing for a major offensive too?

These tarriff clearly state reciprocal , if Nigeria wants it to go away then we reduce our tarriff to 14 percent

nairalee:
Sad as it sounds, this is exactly what Nigeria. (African) leaders need to do. Discourage imports and force your local industries to produce

nairalee:
Sad as it sounds, this is exactly what Nigeria. (African) leaders need to do. Discourage imports and force your local industries to produce

InfoGuru118:
https://news360ng.com/trump-imposes-14-tariff-on-goods-exported-from-nigeria-others/

psalmsjob:
Why is Nigeria charging as high as 27 percent on American import in the first place? It shouldn't be more than 5 percent or zero percent because what that means is that Nigerians had been paying 27 percent more for goods imported from America plus markup (profit margin) added by the importer or government agencies such as Post Office charged me almost 10,000 Naira for a book I bought for less than 20 dollars including shipping cost.

The tariff we charge on American goods is what we should be bringing down to increase the value of Naira against the dollar. No wonder you find Kenya seemly having better trade and investment from America because they charge American goods by 10 percent because tariff like tax or vat is paid by the consumer not the company or the country but by those who by the products that's is heavily taxed.

kettykin:
If Nigeria reciprocates , operating system will be out of reach, ChatGPT subscriptions will only be for the very rich, cost of drugs from US will be over the shelf.

The best for Nigeria now is just to restrategize like China did years ago

SalamRushdie:
You are okay with useless Nigeria charging the 27 percent and mad they charge Nigeria 14 percent?

This is not normal 😅😅😅

InfoGuru118:
https://news360ng.com/trump-imposes-14-tariff-on-goods-exported-from-nigeria-others/

justwise:
American companies producing locally will be expensive for Americans. American companies are benefiting from cheap labour when goods are produced outside America. Nobody wins tariff wars as it affects both countries.

Trump is dumb.

MadPolitician:
Nigeria should go ahead and reciprocate by banning imports from America. There is nothing they buy from us anyways. They used to buy oil from Nigeria, but that has stopped around the days of NADECO. There is nothing we import from the US that we can not import at a cheaper rate from asia. So let the trade war start. We are already down, so why fear further falls?

seunmsg:
Frame 1: what should have been our situation if Tinubu did not reform immediately.

Frame 2: where we are right now and why a lot of people and organizations globally are excited about Nigeria’s economic prospect.


Mr. See no good hear no good, the urge to keep hating is yours. It changes absolutely nothing.

dominique:
Americans are groaning about inflation and now prices are about further go up. Jobs are being cut all over the place, mass/self deportation is starting affect farmers who rely on cheap labour from migrant workers and some are on the verge of bankruptcy. Tinubu's shege will be child's play compared to the type of shege average Americans will see in this administration. This is how he wants to make America great again?

ADAMUdaCOWBOY:
lol even with the increase in tariff it will still be cheaper for America to import from china, vietnam, India etc. America can never beat that. His people will just suffer because they will pay more. He is such a foolish man.

TheBillyonaire:
But it is Americans paying the tariff. The Chaos Master doing what the world needs now for smooth transfer of Power to the Dragon. When the Dragon rises, the Eagle surrenders, not without chaos.

kettykin:
If Nigeria reciprocates , operating system will be out of reach, ChatGPT subscriptions will only be for the very rich, cost of drugs from US will be over the shelf.

The best for Nigeria now is just to restrategize like China did years ago

kettykin:
If Nigeria reciprocates , operating system will be out of reach, ChatGPT subscriptions will only be for the very rich, cost of drugs from US will be over the shelf.

The best for Nigeria now is just to restrategize like China did years ago

MadPolitician:
Nigeria should go ahead and reciprocate by banning imports from America. There is nothing they buy from us anyways . They used to buy oil from Nigeria, but that has stopped around the days of NADECO. There is nothing we import from the US that we can not import at a cheaper rate from asia. So let the trade war start. We are already down, so why fear further falls?

Biodun556:
He is probably imposing tarrifs and downsizing workers to save cost in preparation for a major military offensive

Acidosis:
This is just Trump prioritising made in America's products. The question now should be 'can Americans self-sustain?' I don't think so.

SalamRushdie:
You are okay with useless Nigeria charging the 27 percent and mad they charge Nigeria 14 percent?

This is not normal 😅😅😅

kettykin:
If Nigeria reciprocates , operating system will be out of reach, ChatGPT subscriptions will only be for the very rich, cost of drugs from US will be over the shelf.

The best for Nigeria now is just to restrategize like China did years ago

Burob:
Good business my President, The Federal Republic of Nigeria 🇳🇬 first, Donald Trump will make me very rich.

Make Nigeria Great Again.

Reference:
But on the other hand if Americans are not producing locally, are not working at appropriate levels where will they get the money to buy the stuff the other world countries produce.

Trade is a balance and the present administration in the US feels this is the time it should flow in its favour. America wants to increase its productivity and cut it's debts. So for the time being no more giving out freebies, no more careless shopping and a bit more rolling up the sleeves to work.

What is wrong with that.

Reference:
The overall aim is just to bring production and jobs back to America, the first target being American owned companies making stuff abroad because of cheap labour (lower standards of living).

In effect he is saying to his people. Pay more for goods and services so your brothers and sisters can have more jobs and earn more on their existing jobs.

This is a fundamentally sound ideal for any country's economy but fraught with all sorts of minefields in practice.

It is exactly what the present Nigerian government has being trying to do albeit without the tools of sound economic control.

SalamRushdie:
You have not asked yourself what Nigeria is charging them 27 percent tarriff , is Nigeria preparing for a major offensive too?

These tarriff clearly state reciprocal , if Nigeria wants it to go away then we reduce our tarriff to 14 percent